2010 state analysis presentaion

7/29/2019 2010 State Analysis Presentaion

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This presentation is designed to show the average financial andproduction trends for Iowa farms. All of the farm operators

a conr ue aa or s presena on are mem

ers o eIowa Farm Business Association and received the benefit of an

individual report showing how their farm data compared tot ese averages. you ee t at you cou ene t romknowing these numbers for your operation or if you knowsomeone else who could benefit, please contact one of the

consutants ste atwww. owa arm usness.org or ca t eIFBA State Office at 515-233-5802 for more information.


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Corn Enterprise Data

Soybean Enterprise Data

Pork Production Data

Farrow to Finish & Feeder Pig

Cow/Calf & Feeder Cattle

Financial Data


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200000

160000

180000

120000

140000

60000

80000

20000

40000

0

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Accrued Net Farm Income includes the value of home used products, change in inventory (both value andvolume on hand will affect this), and a depreciation charge based on 10% straight line rate with a 10%salvage value on all depreciable items.


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1.8

1.4

1.6

1

1.2

0.6

0.8

0.2

0.4

0

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Gross Profits/$ Expense


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Power Mach Cost vs.Invest. Cost (Per Acre)

400

350

250

150

50

0

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Mach & Power Cost Mach & Power Investment


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500000

400000

450000

300000

350000

150000

200000

250000

50000

100000

0

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Gross Prof its/Man Year Equivalent


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200

160

180

120

140

60

80

20

40

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Corn Yield/Acre


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5

4

4.5

3

3.5

1.5

2

2.5

0.5

1

0

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Avg Sell ing Corn Price


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Corn Production Value vs.Expenses

4

4.5

3

3.5

1.5

2

2.5

0.5

1

0

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Production Value ($/bu.) Total Cash Expense ($/bu.) Depr Cost ($/bu.)


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120

140

80

100

40

60

0

20

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Seed Insecticide Herbic ide Fertil izer & Lime Drying & Storage


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60

50

30

40

20

10

0

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Bean Yield


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12

10

8

4

2

0

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Avg Sel ling Bean Price


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Bean Production Valuevs. Expenses14

12

8

10

4

6

2

0

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Production Value ($/bu.) Total Cash Expense ($/bu.) Depr Cost ($/bu.)


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40

45

30

35

15

20

5

10

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Seed Insecticide Herbicide Ferti lizer & Lime Drying & Storage


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.4.1

4

3.8

.

3.6

3.7

3.5

.

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Feed Lbs/Gain


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250

200

150

100

50

0

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Feed Return $100/fed


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180

140

160

100

120

60

80

20

40

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010



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60

50

40

20

30

10

0

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Value Cwt Feed Cost /Cwt Produced Cash Cost $/Cwt Depr Cost $/Cwt.


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.4

3

3.5

2

2.5

1.5

0.5

0

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Feed Lbs/Gain


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45

35

40

25

30

15

20

5

10

0

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Value Cwt Feed Cost/Cwt Produced Cash Cost $/Cwt Depr Cost $/Cwt.


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250

200

150

100

50

0

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010



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100

80

90

60

70

30

40

10

20

0

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Value Cwt Feed Cost/Cwt Produced Cash Cost $/Cwt Depr cost $/Cwt.


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250

200

150

100

50

0

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010



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.16

12

14

10

6

2

4

0

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Feed Lbs/Gain


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100

80

90

60

70

30

40

50

10

20

0

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Value Cwt. Feed Cost/Cwt Produced Cash Cost $/Cwt Depr Cost $/Cwt.


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1800000

1400000

1600000

1000000

1200000

400000

600000

0

200000

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Total Net Worth Accrued Net Farm Income Nonfarm Income


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140000

100000

120000

40000

60000

0

20000

-

4% charge on operators equity invested in the operation$2000/month salary for the operators labor$1300/month salary for operators family labor


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Mana ement Return vs. Accrued NetFarm Income for 2010; by Size Group

400000

500000

300000

100000

1 2 3 4 5

MR Avg 19822 46205 80287 136748 303172

0

NFI Avg 61231 99933 153915 220860 435065

Size groups 1 to 5 are based on Acres:Group 1: 0 to 320; Group 2: 321 to 479, Group 3: 480 to719, Group 4: 720 to 1299, Group 5: 1299 and up


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Current Ratio(CA/CL)

3.54

.

2

2.5

3

1

1.5

0

.

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Current Ratio 2.535 2.37 2.288 2.43 2.55 2.45 2.79 3.405 3.544 3.339 3.937

This ratio looks at the net payment obligation in the next 12 month from cash or assets quickly converted to cash.

Analysis: 2.0 Excellent, 1.5 Fair, 1.0 Weak


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Net Farm Income, Income Before Depreciation,

an nterest a

200000

100000

150000

50000

0

Accrued Net Farm Income Interest Accrued Income Before Economic Depr.


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Debt to Asset Ratio(TL/TA)

0.3

.

0.2

.

0.05

0.1

.

02000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Debt to Asset Ratio TL/TA 0.292 0.291 0.296 0.286 0.279 0.28 0.273 0.239 0.231 0.239 0.209

This represents the proportion of total farm assets owed to creditors, a higher ratio would be an indication of greater risk.

Analysis: 60% Weak


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0.16

0.12

0.14

0.08

0.1

0.02

0.04

.

0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Return on Equi ty (NFI-UL)/NW 0.08 0.029 0.048 0.065 0.091 0.083 0.123 0.135 0.095 0.093 0.1

Represents rate of return on your equity: [(Net Farm Income - unpaid family labor) / Total Farm Net Worth]

Analysis: >7% Excellent, 7% to 2% Fair, < 2% Weak


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0.14

0.1

0.12

0.08

0.04

.

0

.

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Return on Investment 0.08 0.043 0.053 0.064 0.082 0.076 0.106 0.119 0.089 0.084 0.091

Represents rate of return on all assets: [(Net Farm Income + Interest paid - Unpaid family labor) / Total Assets]

Analysis: >7% Excellent, 7% to 2% Fair, < 2% Weak

2010 state analysis presentaion

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